Big moves in the stablecoin space: a consortium of major European banks just dropped their plans to launch a euro-backed stablecoin. This could reshape how traditional finance intersects with digital assets. With regulatory clarity improving across the EU, banks are finally stepping into territory that crypto natives have dominated for years. The real question—will this institutional version compete with existing euro stablecoins, or will it struggle with the flexibility that DeFi users expect? Either way, it's a signal that TradFi isn't sitting on the sidelines anymore.